Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange : A Formal Framework /
The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features, and forward-looking rational expectations. Temporary expansionary demand policies are associated wi...
| Autore principale: | |
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1990.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1990/016 |
| Accesso online: | Full text available on IMF |